Fortis Weekly

Hi,

Currently Fortis is trading at multi year highs and has broken the range bound movement after 3 years. With huge volumes it is a clear cut breakout thanks to the bulk deal by ace investor Mr. Rakesh Jhunjhunwala and we should look to buy at the first decline. This could be a excellent long term investment with more than 100% growth in the next 1-2 years. Targets would be atleast 300+

fortis

The next major test and resistance would be at the swing highs made in 2010. So if it manages to go above 185-190 it would very well go to price levels of 300+ and should be watched closely. I will post more updates incase there are developments.